Transunion fico8 vs fico4 scoring differences.

[Anonymous]

Can anyone tell me or refer me to a post that explains their scoring differences? Paid utilization down from 48% to 2% and the fico8 moved 5 points and now I'm scared to buy a new report to check the mortgage score. 

[babygirl1256]

Greetings Nmghjg . . . I'm hoping that our scoring expert Birdman7 and others will chime-in. I believe there's a lot that factors into the scoring ~ utilization, on-time payments, account balances, and other credit history is taken into account when calculating your score. I'm still learning about scoring calculations -but- I hope this helps. Experts ~ please correct me if I stated anything incorrectly. Thanks!!!

FICO Model	Description
FICO 8	Most common. Used for Auto and Bankcard lending.
FICO 4	Used by mortgage lenders. Built on data from TransUnion.

[KatSoDak]

There are quite a few threads on this subject. I'll link an older one that has some good info:  https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/How-to-increase-my-Fico-Scores-Used-for-...

My takeaway from this regarding your scoring change questions is you may need to wait for the update on FICO 4.  I don't subscribe so don't know how often the full reports update. 

[SouthJamaica]

---

@Anonymous wrote:

Can anyone tell me or refer me to a post that explains their scoring differences? Paid utilization down from 48% to 2% and the fico8 moved 5 points and now I'm scared to buy a new report to check the mortgage score. 

---

There's no direct correlation between the two algorithms.

But if you are talking about aggregate revolving utilization, and have lowered it from 48% to 2%, you should see a very substantial gain in TU FICO 4. Unfortunately, you have to spend the money to buy a TU report from MyFICO to find out.

I should add that the mortgage scores, like TU 4, are very sensitive to number of accounts with balance.  So it's better to have as many zero balances as possible, than to spread the balances out among multiple accounts.

[Anonymous]

---

@SouthJamaica wrote:

---

@Anonymous wrote:

Can anyone tell me or refer me to a post that explains their scoring differences? Paid utilization down from 48% to 2% and the fico8 moved 5 points and now I'm scared to buy a new report to check the mortgage score. 

---

There's no direct correlation between the two algorithms.

But if you are talking about aggregate revolving utilization, and have lowered it from 48% to 2%, you should see a very substantial gain in TU FICO 4. Unfortunately, you have to spend the money to buy a TU report from MyFICO to find out.

I should add that the mortgage scores, like TU 4, are very sensitive to number of accounts with balance.  So it's better to have as many zero balances as possible, than to spread the balances out among multiple accounts.

---

So I decided to just buy the transunion report and you are correct. Only saw a 4 point gain with the fico8 but the fico 4 score saw a 40 point gain. 

[SouthJamaica]

---

@Anonymous wrote:

---

@SouthJamaica wrote:

---

@Anonymous wrote:

Can anyone tell me or refer me to a post that explains their scoring differences? Paid utilization down from 48% to 2% and the fico8 moved 5 points and now I'm scared to buy a new report to check the mortgage score. 

---

There's no direct correlation between the two algorithms.

But if you are talking about aggregate revolving utilization, and have lowered it from 48% to 2%, you should see a very substantial gain in TU FICO 4. Unfortunately, you have to spend the money to buy a TU report from MyFICO to find out.

I should add that the mortgage scores, like TU 4, are very sensitive to number of accounts with balance.  So it's better to have as many zero balances as possible, than to spread the balances out among multiple accounts.

---

So I decided to just buy the transunion report and you are correct. Only saw a 4 point gain with the fico8 but the fico 4 score saw a 40 point gain. 

---

Awesome. Congratulations.